TNR Gold Royalty Holding Update: Argentina and Chile Agree to Facilitate Development of McEwen Mining’s Los Azules Copper Project
NEWS RELEASE
TNR Gold Royalty Holding Update: Argentina and Chile Agree to
Facilitate Development of McEwen Mining’s Los Azules Copper Project
Vancouver B.C. November 30, 2017 : TNR Gold Corp. (TSX-V: TNR) (“TNR” or the “ Company”)
advises that the governments of Chile and Argentina have signed a protocol to facilitate the
development of the Los Azules Copper project located in San Juan, Argentina. McEwen Mining Inc.
("McEwen Mining") owns 100% of the project and TNR holds a 0.36% royalty on the net smelter return
(“NSR”) of the entire Los Azules project.
The two countries signed a bilateral mining integration agreement in 1999. The purpose of this new
protocol is to facilitate project-related activities in the border zone between San Juan province in
Argentina and Limari province in Chile.
“The support and cooperation being exhibited by Chile and Argentina for potential mine development at
Los Azules comes as very good news to us and signifies another important step in the development of
one of the largest copper porphyry projects in the world ,” commented Kirill Klip, Executive Chairman of
TNR.
Please refer to the recent Company news release issued on November 2, 2017; “McEwen Mining Files
Preliminary Economic Assessment for Los Azules Project, Estimates Life of Mine Undiscounted NSR of
$35 billion,” for an update on TNR’s royalty holding on the Los Azules project.
ABOUT TNR GOLD CORP.
TNR Gold Corp. is working to be come an energy metals royalty company. Over the past twenty -two
years, TNR, through its lead generator business model, has been successful in generating high quality
exploration projects around the globe. With the Company’s expertise, resources and industry network, it
identified the potential of the Los Azules copper project in Argentina and now holds a 0.36% NSR
royalty on the prospect.
TNR is also a major shareholder of International Lithium Corp. (“ILC”), with current holdings of
approximately 11% of the outstanding shares of ILC. ILC holds interests in lithium projects in Argentina,
Ireland and Canada.
TNR retains a 1.8% NSR royalty on the Mariana Lithium property in Argentina. ILC maintains a right to
repurchase 1.0% of the NSR royalty on the Mariana Lithium property of which 0.9% relates to the
Company’s NSR interest. The Company would receive $900,000 on execution of the repurchase. The
project is currently being advanced in a joint venture between ILC and Ganfeng Lithium International
Co. Ltd.
1111 Melville Street, Suite 1100
Vancouver, British Columbia
V6E 3V6, Canada
T: 604-700-8912
E-mail: [email protected]
Website: http://www.tnrgoldcorp.com
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At its core, TNR provides significant exposure to gold, copper and lithium through its holdings in Alaska
(the Shotgun gold porphyry project) and Argentina, and is committed to continued generation of in -
demand projects, while diversifying its markets and building shareholder value.
On behalf of the Board of Directors,
Kirill Klip
Executive Chairman
www.tnrgoldcorp.com
For further information concerning this news release please contact +1 604-700-8912
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Cautionary Statement Regarding Forward-Looking Information
Except for statements of historical fact, this news release contains certain “forward -looking information”
within the meaning of applicable securities law. Forward -looking information is frequently characterized
by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “will”, “could”
and other similar words, or statements that certain events or conditions “may” or “could” occur, although
not all forward -looking statements contain these identifying words . Specifically, forward -looking
statements in this news release include, but are not limited to, statements made in relation to: TNR’s
corporate objectives, changes in share capital, market conditions for energy commodities, the results of
McEwen Mining’s PEA, and improvements in the financial performance of the Company. Such forward-
looking information is based on a number of assumptions and subject to a variety of risks and
uncertainties, including but not limited to those discussed in the sections entitled “Risks” and “Forward-
Looking Statements” in the Company’s interim and annual Management’s Discussion and Analysis
which are available under the Company’s profile on www.sedar.com. While management believes that
the assumptions made and reflected in this n ews release are reasonable, should one or more of the
risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those described in forward -looking information. In particular ,
there can be no assurance that: TNR will be repay its loans or complete any further royalty acquisitions
or sales; debt or other financing will be available to TNR; or that TNR will be able to achieve any of its
corporate objectives. Given these uncertainties, readers are cautioned that forward -looking statements
included herein are not guarantees of future performance, and such forward -looking statements should
not be unduly relied on.
In formu lating the forward -looking statements contained herein, management has assumed that
business and economic conditions affecting TNR and its royalty partners , McEwen Mining Inc. and
International Lithium Corp. or its joint venture partner, Ganfeng Lithium In ternational Co. Ltd. will
continue substantially in the ordinary course, including without limitation with respect to general industry
conditions, general levels of economic activity and regulations. These assumptions, although
considered reasonable by management at the time of preparation, may prove to be incorrect.
Forward-looking information herein and all subsequent written and oral forward -looking information are
based on estimates and opinions of management on the dates they are made and are expres sly
qualified in their entirety by this cautionary statement. Except as required by law, the Company
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assumes no obligation to update forward -looking information should circumstances or management’s
estimates or opinions change.